On May 19, Zijin Mining held its Annual Shareholders’ Meeting for the fiscal year 2024, alongside its first A-share and H-share shareholders’ meetings in 2025, at its headquarters in Shanghang, Fujian. Mr. Chen Jinghe, Chairman of the company, chaired the gatherings, during which shareholders approved 16 resolutions, including the 2024 Board of Directors Work Report and a motion granting the Board a general authority to issue new A-shares and/or H-shares.
Strong Performance and Shareholder Returns
Despite a complex operating environment marked by rising geopolitical tensions, the energy transition and the transformation of industries, Zijin delivered robust performance in 2024. The company increased the production of its main commodities, advanced its global ranking among listed miners, and strengthened global operations management capabilities. Notable achievements included:
l Significant progress in major M&A deals and exploration programs, which further solidified its leading position in mineral resources and reserves;
l Accelerated construction of key projects;
l Stronger synergy across mining, financing, and trading segments; and
l Greater presence in the capital market and growth in the value of its portfolio of listed companies, in which it holds controlling or strategic stakes.
These milestones marked a strong start to the company’s new five-year growth strategy.
Zijin reaffirmed its commitment to sharing the fruits of success with shareholders and investors. The company distributed a total of RMB 7.9 billion in 2023 full-year and 2024 interim dividends, with plans to pay an additional RMB 7.4 billion in final dividends for 2024. This would bring total dividends for 2024 to more than RMB 10 billion, raising cumulative dividends over the past three years to RMB 21.9 billion.
Meanwhile, the company maintained its position as a global leader in ESG, securing top-tier scores from mainstream rating agencies. Zijin was also named to S&P Global’s Sustainability Yearbook (China) 2024 and the Forbes China ESG 50 List, underscoring its alignment with global sustainability benchmarks.
The event drew 55 in-person attendees, including shareholders, company directors and supervisors, senior executives, and investment bankers. During the Q&A session, institutional and retail investors inquired about various topics, including Zijin’s growth strategy, its energy transition roadmap, AI adoption, asset acquisitions and project updates. Management engaged actively with the shareholders and provided detailed insights.
Translator: Li Yuanxing Reviser: Jian Editor-in-Chief: Fa Yuan